Quick Specs

Editors' Note:The "Download Now" link directs you to the Android Market where you must continue the download process. This download may not be available in some countries.

Publisher's Description

+

From ARB Apps:
Income Tax Calculator for India:Calculate the Income Tax for the Financial Year 2012-2013 (Assessment Year: 2013-14). In the App, the tax calculations can be saved in a record, and the record can be updated/deleted anytime. For quick tax calculations, a quick tax calculator is provided.Here are the rules considered in the app:Income Tax Rates for Financial Year 2012-2013: Case A: For Men (less than 60 years)Upto Rs. 2,00,000 NilRs. 2,00,001 to Rs. 5,00,00010 per centRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centCase B: For Women (less than 60 years)Upto Rs. 2,00,000 NilRs. 2,00,001 to Rs. 5,00,00010 per centRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centCase C: For resident individual of 60 years or above (Senior Citizens)Upto Rs. 2,50,000 NilRs. 2,50,001 to Rs. 5,00,00010 per centRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centCase D: For resident individual of 80 years or above (Very Senior Citizens)Upto Rs. 5,00,000 NilRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centHRA Tax Exemption Calculation:Minimum of (40 or 50% of Basic, Annual HRA Claimed, Annual Rent Paid 10% of Basic)Maximum allowed limits for tax exemption:Section 80C limited to 1 Lac.Section 80D limited to 35K.Section 80E limited to 40k.Section 24 limited to 1.5 Lac.Limitations of the App: 1. As all the values are considered as integers, the maximum value can be entered is (2^32 - 1).2. While doing calculations, each value is rounded to the nearest integer.Suggestions:If any rules are violated or for any suggestions, please send an email to arbandroidapps@gmail.comRecent changes:Integer number format exceptions handled.Content rating: Everyone

E-mail This Review

Thank You, !

Report Offensive Content

If you believe this comment is offensive or violates the CNET's Site Terms of Use, you can report it below (this will not automatically remove the comment). Once reported, our staff will be notified and the comment will be reviewed.